Skip to main content

About your Search

20121201
20121231
STATION
CNBC 108
SPONSOR
LANGUAGE
Search Results 0 to 49 of about 108 (some duplicates have been removed)
CNBC
Dec 17, 2012 4:00am EST
. >> japan's prime minister wastes no time on calling on the bank of japan to recognize support after a land slide win returning the dlp to power. >>> get a little, give a little, house speaker john boehner may be willing to raise taxes on the wealthy if president obama allows entitlement cuts in return. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, p
CNBC
Dec 20, 2012 4:00am EST
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign fr
CNBC
Dec 12, 2012 4:00am EST
a clear win in japan. however big will the lead be and what influence tell have on the bank of japan. dollar and yen pressured by more q.e. talk. and aussillar three-month high. the prospect of q.e. boosting commodityets. canadian doing well. firm at 1.6122. we have more on the asian trading day out of singapore. >> reporter: hi, thank you, ross. most asian markets finished on a bright note. the shanghai composite recouped morning losses in positive territory. property stocks turned higher in the afternoon. stocks also rallied while investors await beijing's detailed plan on urban development. strengthening main line blue chips pushed the hang seng to a 16-month high. developers, industrials, and gaming stocks among the top gamers today. >>> in japan the country's october machinery orders not rebounding as strongly as expected. investors were still in the buying mood ahead of this sunday's election. the nikkei ended near an eight-month closing high with exporters rallying on the weaker yen. south korea's kospi gained ground despite north korea's rocket launch. automakers in reverse g
CNBC
Dec 28, 2012 4:00am EST
. >>> and japan's finance minister is saying other companies have no right to lecture japan on its currency policy instead calling for the u.s. to seek a strong dollar. >>> okay. welcome back to "worldwide exchange" this morning. let's take a quick check on trade as we close out the last full trading week of the year. not even a full week, but just one of the last trading weeks of the year. >> monday seems so far away. >> it's just kind of sticking out there, the 24th and 31st. european markets were closed for boxing day week. got back into trade yesterday. sort of a mixed bag across the board. u.s. markets were weaker and this morning europe is following the u.s. down that path. the ftse just a little bit lower. the xetra dax down by .1%. the cac 40 which was one of the strong performers yesterday giving up some of its gains. the ibex 35 underperforming. >> the penny stock not worth a whole lot so you have to take that into consideration. but yeah, drifting lower on the bond markets. today we have this italian debt auction which would be interesting. we've got rome offering somewh
CNBC
Dec 14, 2012 4:00am EST
signaling europe could avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it's a five-month high. the manufacturing pmi, 46.1. the manufacturing all told, 46.3. that's a bit under the poll of 46.6. with more on the reaction to these figures, we have rob doddson with us. rob, welcome. it appears ta stronger services may be weaker on the manufacturing relative to exp
CNBC
Dec 29, 2012 6:00am EST
that." >> first, he would head to japan. a company over there had agreed to license dyson's design. it then built a vacuum called the g-force, which hit the market in japan in 1986. the royalty money james earned from the success of the g-force gave him a boost towards creating his own vacuum cleaner and company, but he still needed more. >> i went to venture capitalists and the government and all sorts of people, and they all rejected me, so, in the end, i managed to persuade a bank to lend me a million pounds. >> so the big companies weren't willing to take the risk, but you were willing to risk everything? >> yeah. >> how afraid were you of failing? >> well, i was terrified, but, um, i wanted to do it. i believed in it. my friends thought i was mad. i mean, everybody thought i was mad. >> undaunted, he founded his namesake company from his shed in 1992. the next year, his first machine, the dc01, rolled off the production line, and 18 months later, the roughly $300 machine was the best-selling vacuum in the u.k. -- a crazy idea dyson wisely protected. >> you've got to have a pat
CNBC
Dec 19, 2012 4:00am EST
the senate. >>> and japan's nikkei 225 reaches the 10,000 mark for the first time in eight months. stocks rally after a widening trade deficit softens the yen and heightens expectations for more stimulus. >>> we are expecting to get the latest results from germany's survey any second now. in the meantime, i can can bring you news. for example, on industrial orders and sales in italy, orders flat on the month, down .2 on the month for sales and down nearly 5% on the year. so confirming some of the weakness that we know we've seen previously in the italian economy. meanwhile, another gauge perhaps for the euro as we look to the strength of it lately. that's the current counselor plus which in october was an adjusted 3.9 billion euros, up quite a bit from the 2.5 billion reported for september. now that also comes after -- a day after the european union's report suggesting that in fact the european union would have to run a surplus, given its poor demographics over the next couple of years. now let's get a quick preview of the news. for that we head to patricia, awaiting the results.
CNBC
Dec 21, 2012 4:00am EST
, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff negotiations. really, it's been a lot of general
CNBC
Dec 19, 2012 6:00am EST
early trading on expectations that a budget deal is closer. in asia, japan's nikkei rising above the 10,000 mark, wow, the first time in more than eight months. still a ways from 50,000. among the catalysts, expectations of more aggressive monetary stimulus from the bank of japan. the boj wraps up a two-day meeting with a policy announcement tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news
CNBC
Dec 11, 2012 4:00am EST
, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about outpace decliners on the dow jones stoxx 600. most european stocks were up yesterday. the dax up 13 points. the dax, second highest close of the year, still up 27.5% for the year. right now, the ftse sound, the cac kron, closed at a fresh 52-week high. and the ftse is up 13 points despite falls from italian banks. let's show you where we are as far as the bond yields are concerned. we just check in. italian yields, 4.4% on the year. we'll show you the twos and tens, as well. i'll give you more on how that compares to where we closed yesterday. so the two-year, that's the low where we were yesterday. 10-year spanish yields, 5.581%. two-year yield, 2.35%, kind of where we were yesterday, too. and they're continue to go appreciateslide slightly from yesterday's close. as far as currency markets, 1.2880 was the two-week low on the euro/dollar. dollar/yen, 82.38. slightly firmer. you've got the nexus
CNBC
Dec 26, 2012 5:00pm EST
play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the hous
CNBC
Dec 19, 2012 9:00am EST
minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be going on. out of bonds, into stocks, selling gold as well. i think that's a real factor here. what caught my eye this morning, there was a survey out saying the hedge funds is the most exposed to the market since 2010. a lot of people mentioned that and said, that is a contrary indicator, high levels of activity in the stock market for hedge funds, often a negative indicator overall. let me mention night capital. they are selling themselves to geico. i took two-to-one ratio. this is a good deal all around. you're going to marry the biggest, fastest traders out there, getco. you're going to marry that with knight, which has the biggest wholesale busi
CNBC
Dec 28, 2012 6:00am EST
that's what's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's important at this junction now that we've seen the new government come in, now that we've seen the new cabinet ministers, people who were expecting a lot of fiscal and monetary magic from to look at the data overnight and be reminded that it's no guarantee japan will magically be able to
CNBC
Dec 27, 2012 4:00am EST
competitive. meanwhile, the bank of japan was debating measures to -- joining us now, allen capper is with us around this table. when we talk about the yen, how important is this weakness? and do you expect this trade to be for 2013? >> i think this is probably the single most important thing the europeans ought to be watching. it's clear that the change in japanese policy, if by the time we get to q4 next year, you will see stronger japanese numbers, there would be a stronger temptation to carry out much more massive qe and fiscal stimulus. it's too early to say, but i think we need to watch japan carefully. >> currency wars is what ur use saying. >> absolutely. and i like his idea about fiscal stimulus through official use of the funds. it's a very interesting strategy. >> ur r it seems to me the next level of this is you have to bloef the government can achieve this. how are they going to be able to shake off inflation? >> the key look is to acknowledge that inflation is not the problem. when you talk to investors good qe, they're concerned about the inflationary impact. my mind, i'm th
CNBC
Dec 26, 2012 5:00am EST
about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing tr
CNBC
Dec 21, 2012 3:00pm EST
korea and japan doing some business over there to with companies. i did hear over and over again, there's a lot of concern over there about whether or not the folks in washington will be able to get a deal together. because it's unlikely that many of those companies there or here are going to be willing to invest, to hire, to put people to work unless there's some kind of resolution, some kind of clarity looking forward. >> we'll leave it there. good to have you on the program, sir. thanks very much, governor. >> thank you. >> jack markell. >> and this is not a knock on the governor, but did you notice like so many elected officials, they can't bring themselves to publicly say the word, we raised taxes, right? which is what they did and it worked, but we raised revenue. revenue has become the new catch word for taxes. >> right. we are raising stock prices right now. we were down 189. down 107 right now. >> is this decline a preview of what can come next week if we don't see a deal to avoid the cliff? we'll talk about it. >> also, antawn shutz gives us his best banking betts for t
CNBC
Dec 26, 2012 9:00am EST
urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, though, as far as we know. we don't know what sort of impacting -- >> i waste a vin't a victim, bu sure a lot of families get together to watch
CNBC
Dec 10, 2012 4:00am EST
. the second export market is not doing that well. not to talk about japan. so this has a slowdown effect which reverb rates on the growth of emerging countries. >> and i know when you see what's happening in italy, will this, the political developments in italy that cause more instability and less reform there, are you concerned that will have a further destabilization impact? >> no. i mean, i think it comes at a time where we are starting to see an exit, a crisis exist by europe. whether this will stabilize, i hope not. i mean, i think the italians are reasonably rationale. and they know what monti brought to them in terms of reducing the italian overprice on the market. and that's -- you know, that's big money. so it comes at the moment where, you know, europe was probably start to go exit the crisis. unfortunate, but the euro system i think now is stronger than it was a year ago. >> and we've seen a lot of change in the u.s. election as well as talk about whoever won whether there would be increased trade tension wes china.. we heard from tim cook last week and he was asked wha
CNBC
Dec 18, 2012 9:00am EST
, no more on-again off-again qe, you've got great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of grow
CNBC
Dec 6, 2012 4:00am EST
? only one lady to tell us. >> thank you, ross. asian markets ended mix. japan's bourses outperformed the region. despite a slight improvement in november corporate sentiment showed weakness. knee sap finished lower as they planned to recall nearly 50,000 cars in japan. shanghai composite pulled back after yesterday's 3% surge. investors booked profit. property developments seemed to have legs. the hang sent also ended marginally in the red. hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of inte
CNBC
Dec 21, 2012 1:00pm EST
performing the way you would like them to be. and japan has been a risk. >> japan certainly, we continue it see a lot of problems economically in japan. though we are heartened by announcements that have come out politically that would affect the monetary policy. we expect mormon tarry policy going forward. we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past coupl
CNBC
Dec 4, 2012 12:00pm EST
yahoo! japan to a buy. it is a buy here and can break into the low 20s. >> a good day for a stock that hasn't done much of late. opened lows not seen since september of 2009. you're getting the 3% rally today but otherwise ugly. >> yeah. it's kind of interesting what's going on. we've had consistently good chinese data coming out, and that -- >> which you're a big believer of. >> well, that generally drives the move in the stocks, but we haven't seen that. so, to me, the chinese news that's coming out, i don't believe all the numbers and, number two, they're still producing too much steel, cutting back on capacity or should be. that's bad for iron ore. if you look at the coal inventories, they continue to build up which means that there's less being bought as well. so i'm no longer short the iron ore names because i took long exposure off. i took short exposure off as well. i'm not buying into it. at some point they will bounce but they're still not cheap because fundamentals continue to decline. to me this is a bounce. i take any profits. unlikely you have any unless you bought it thi
CNBC
Dec 3, 2012 5:00pm EST
on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345-2550 best part... no jet lag. tdd#: 1-800-345-2550 call 1-877-561-5445 tdd#: 1-800-3
CNBC
Dec 28, 2012 2:00pm EST
as we will do here, i think, will be japan. the nikkei already up nicely this year, and i think that shinzo abbe and his huge money printing press will sink the end and send stocks soaring in japan. i know you lived in japan. your thoughts on that prediction. >> that's a big call. the nikkei is already up about 23% so far this year. so, you know, to be the best performing developed market in 2013 on top of already 23% this year, it's a big call. >> i know. look at a 30-year chart of the nikkei. it seems to hit about 8 to 10,000, bottoms out, comes back. that level seems to also be a little bit of support. little bit. >> remember where it is right now. it is a long way below the nearly 39,000 it hit at the end of 1989. i think it's about 1/3 or something of what it used to be. anyway, this is my next prediction. i believe that microsoft will continue to lose relevance and may cease to exist in its current form in five years' time. my reason is this, brian, it's kind of fighting losing battles in too many sectors at this point. mobile, pcs, even enterprise. so i think mr. softy is defi
CNBC
Dec 31, 2012 4:00am EST
lower in what will be the last and full trading day of the year. in asia, japan and south korean markets are closed. the rest of markets look a little bit like this. here is europe to begin with. only a few markets are open there today. among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over
CNBC
Dec 7, 2012 4:00am EST
earthquake strikes japan's northeast coast. tsunami warnings have been issued. job growth in the u.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'
CNBC
Dec 26, 2012 4:00pm EST
focusing on the global markets, looking at japan and maybe trading data coming out later in the day tomorrow, thinking about their cpi number. we're looking at that to see how that's going to affect technology products like the ipads and gadgets and things of that nature. that's going to be huge as a lot of the things we use day-to-day is produced in japan. >> guys, good job. thank you all for joining us as we look ahead to tomorrow. today, a wait and see market since we still don't have any resolution on the cliff and doesn't look like we will for a couple of da
CNBC
Dec 5, 2012 4:00am EST
overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially missing at least the underlying fiscal targets and rules. so it's not a great day for sterling. i think the bigger impact will be if the rating agencies get twitchy. then i think sterling will be a bit more vulnerable. but i don't think it's necessarily a story for this afternoon. >> we saw manufacturing came in slightly better than expect. so there risk to the upside from the pmi? >> maybe. it doesn't feel like pmis are really getting a grip on the market. we're not in a world where interest rates are going an
CNBC
Dec 20, 2012 6:00am EST
and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and the shanghai composite were slightly higher. oil prices this morning, you'll see right now, are down by about 4 cents to $89.94, so you have things to pick up in those prices over the last couple of days. and the ten-year note at this point which yesterday was yielding above 1.8%, dropping down to 77.2%. finally, take a look at the dollar and gold. yen is at 83.99. gold prices this morning with all these movements in the currency markets up by about $1.10. >>> winter storm draco is moving across the united states threatening retailers and holiday travelers. paul, we know that sometimes the storms could be a good thing for some retailers, particular
CNBC
Dec 3, 2012 4:00am EST
bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering. the hsbc pmi, a private gauge of manufacturing, and the government's official pmi, both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for external demand especially in the unit
CNBC
Dec 4, 2012 4:00am EST
well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sector capped the up side. in japan, down beat manufacturing data spurred profit taking on exporters, but sharp shares gained on a deal with qualcomm. more on that coming up from tokyo. south korea kospi also lost a quarter of a percent today. heavy weight cost company underperformed as investors fear the possible bid for canadian mine may
CNBC
Dec 12, 2012 4:00pm EST
. france and germany are going recession. japan's already in recession. they are doing the same thing the democrats want to do here. put on new taxes, and they are just putting their economies in a death spiral. >> this is no time for austerity is what you're argueing? >> what i'm arguing is don't put extra taxes on the economy. we know from europe and japan that does not work. >> okay. >> howard? >> i don't think we ought to kick the can down the road any further. we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. thi
CNBC
Dec 20, 2012 5:00pm EST
numbers, bank of japan putting $120 billion back into their system. this market feels very good, but you take profits here. >> you said you're selling but you're buying -- >> isn't that a great hedge? taking profits today but not because we don't like the market. the market looks very good here. you have a quad on friday, you have a light volume christmas eve coming your way. this market can pull back. >> a light volume week next week but also we've only got five trading days until the fiscal cliff. limited amount of time to play this. >> yeah. the 26th basically and malloy, you've been saying that forever. he is -- >> who is malloy? >> the producer of "fast money." executive producer. >> executive. >> yes, sir. >> that particular issue of the people coming back, perhaps on the 26th, to try to get something done by year-end, i don't think ultimately, melissa, they will, but i am on karen's trade and i've liquidating virtually any of my holdings that are longer than a year in duration, because i want to recognize that capital gains profit and capital gains, there isn't a wash sale iss
CNBC
Dec 20, 2012 4:00pm EST
country in the world, whether it's japan, china, europe is now pressing on the accelerator, brazil, even india, the united states. i think when you look at the monetary stimulus that's taking place around the world, the uncertainty over the cliff will go away. i think we'll grow better than 4% nominal and might grow 3% to 4% real in the united states and multiple expansion would clearly take place under that scenario, so i think it's hard to get to bearish, particularly when the stock market is not giving us any signs of meaningful deterioration, you know, whether you look at the technical indicators or fundamental indicators. >> a great point. bill stone, you know, rimm stock has done so well just in the last several weeks. we're still expecting a loss for the quarter on 2.66 billion in revenue, but do you own this stock? would you buy rimm? would you look to buy technology going into 2013? >> we don't own the stock. i will say i am a product user. i love rimm because i love that keyboard. i can't get rid of it. >> right. >> i don't really have a good opinion on the stock. looking
CNBC
Dec 11, 2012 11:00pm EST
now, lower drug prices or pulling back our army from japan and europe. like every other country in the north does, like pulling back on positions from our army. i got the same response. it is the president's fault. i might have well have been a mannequin. they he want to talk about raising taxes of the rich. but it can't be dismissed as part of the compromise mosaic that will get the government out of the picture. they think they are so darn important down there. they think people either start or don't start businesses because of them. people start businesses to make money. i started five of them, i know. our politicians think they don't spend because they have lower tax rates. but they put people to work if there is demand and they think they can make a lot of money. they would rather save than spend. research is issued to death. what are they down there? i read some biased chart. honestly. if you raise taxes and lowered spending, we would be on top of the world. our stock markets would soar. and the level of wealth creation would be beyond washington's wildest dreams. instead, i
CNBC
Dec 5, 2012 6:00am EST
did with hindsight, but you never know. >> you don't. >> but you look at japan, they never did what they needed to do. and here we are, we escaped the financial crisis and the money market, it looked like it was going to freeze up and the huge fortune 500 companies. we avoided that but we just keep -- it's like we think we're permanently okay from negative situations and i don't know if we are. things happen in this world. it's still tough, right? >> it is. but this is a very important topic. >> you borrow too much and sooner or later austerity is awful. but if you can't just keep the credit card going if your kid has -- if it's 50,000, you don't say here's another 50. i don't want you to tighten your belt. >> that's why in the final analysis i think the administration recognizes that and they're going to -- >> this administration? >> yeah, is going to come to the table on the entitlement cuts that need to happen to make the deal work. >> you were with him a couple days ago, right? >> with some of his top advisers. >> you can't say which one? >> a group -- valerie jarron and neil wa
CNBC
Dec 14, 2012 9:00am EST
korette su from the '80s from japan, it is a powerhouse and it will be more on the world economic scene as we move forward. >> you know, the job creators, the 2%, they laugh at us over there. >> they don't laugh, they look at us warily, i think is more probably more appropriate. they also are taking steps in their banking system, we should point out. they've bailed out any bank, depositors have never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which stalled the stocks. n
CNBC
Dec 18, 2012 7:00pm EST
with the new japanese government. the bank of japan is meeting on wednesday or thursday. the trick here for the american investors is to remember the currency. you have to experience it. it sounds like the federal reserve. so this idea. the cliff may be overrated. i'm curious to see what happens. you mentioned the debt ceiling in the show. if obama gets that, he is going to give a lot back. if obama gets that lifted now. so we don't have to have the fight. he is going to have to give up a lot. but i agree. if we can take that off the table, we don't have to fight that fight that is a positive. >> you stay low in the market. i'm under weight equities and overweight credit. i want to see what the deal looks like before i add. >> strike could slam businesses from maine to texas and all points in between. it could damage our economy. impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper aver
CNBC
Dec 26, 2012 12:00pm EST
is another name that you could play, is you've got that exposure to the potential recovery in japan. they're very thinl arguments. we don't like the luxury stores but i want to lose less. >> let's go to the jury. pete, who made the more compelling argument on coach? >> i'd have to go with steven weiss. the evenly reason why i say that, i see some potential as joe was talking about. when you're talking about growth, the fact that they don't have a footprint in china concerns me. the fact that this is on the luxury end, there's still some down side. we're not at the 52-week lows. we see that for coach so i'd stay away. >> doc, do you agree with your brother? >> yeah. sorry about that, joe. i'm waiting for the washout here. i think it comes more like 50 than 54. in july when they missed badly and the stock got scared by a bunch of analysts stampeding out of it, the stock traded down to 34. 39 million shares turned over. i don't think this is a panic at all yet. >> all right. that closes the case on coach. there are three trading days left for you all to stop reaching the fiscal cliff.
CNBC
Dec 6, 2012 7:00pm EST
up 43%. japan up 6%. year to date, the usa is up over 12%. that ain't bad. let's bring in our pal, jim iuor iuorio. you know, jim, it's turning out to be a very good year and it's turning out to be a very good year on a global basis. >> no doubt about it. but let's break it down. japan's stock market has rallied huge because of promise of liquidity injections and doveishness. the same thing can be said for europe and for the u.s. around the globe, everyone's squeezing interest rates and forcing money to seek yield wherever it can. it could have followthrough in japan. europe has run kind of far -- the market has chosen to believe that europe's problems are somewhat behind us. i don't really share that philosophy. but i think this move is interesting. >> but the european financial risk fear indicators look great. in fact, these financial indicators look great worldwide. i agree with you trat central banks are greasing the wheels. but in a very gloomy world, a very gloomy psychology where the worst case becomes the most talked-about case, at some point don't the markets send an impr
CNBC
Dec 6, 2012 6:00am EST
and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic front, i guess there are things going on. more employment data on the way. tomorrow the big jobs report and then there was the issue of the fiscal cliff. 11,000 in citigroup. i
CNBC
Dec 7, 2012 6:00am EST
is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for its third straight weekly gain. u.s. equity futures at this hour -- we don't have them. maybe joe has them. >> steve, you are here because it's jobs friday. are you here representing c innocent objects t cnbc or the bls? >> i'm representing myself actually. >> good to have you. in co
CNBC
Dec 17, 2012 9:00am EST
see asia? catching a bid all over the place. land slide victory for the conservatives in japan. you know what the conservatives stand for? unlimited easing stimulus. the new prime minister is back in again. increase defend spending. increase infrastructure spending in japan. that's why the asian markets were up overall. did you see what was going on in shanghai index? up another 0 .5%. finally, did you see the airline stocks? nice upgrade at a couple of the firms there, upgrading the airline indexes, moving the last several weeks on better news overall. minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked quite a bit about how 160 was an important level. we have
CNBC
Dec 31, 2012 9:00am EST
the bigger stories of next year. and that is central banking wars. japan is right next door, dan. >> this is a story that is getting not as much play as it should. but the dispute going on between china and japan is quite stark right now. and i see on the interweb that is a chinese think tank has come out and said conflict between japan and china is inevitable in 2013 and 2014. this is a real debate. simultaneously lost in the debate over the election of abe and his push for abe-nomics is the fact that this is a very nationalistic individual. his first term in '06 was characterized by a lot of nationalistic policies. we'll see how that plays out with respect to the ongoing debate. >> we have to take a break here. the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now
CNBC
Dec 11, 2012 6:00am EST
% of new treasury supply again. so on this is a big deal. given what japan is doing, there are six countries with negative nominal rates already. >> okay. we'll see juicy first half of next year. but kevin ferry, thank you for that. and, joe, before i go, i need to just make one quick comment to you. i said to the audience -- i don't know if you heard this. maybe you were wincing when i said it. i said happy monday. did you hear that earlier in the program? >> no. >> someone e-mailed me and i realized today is tuesday. >> you know how you can guard against that, though? by -- >> never saying -- >> for not wasting the sue pure if a loose anchor speak that -- >> you think happy monday is anchor speak? >> yeah, i do. people don't need that. or happy tuesday or anything. they know what day it is, most people, he hopefully. >> except me. >> yeah. you don't need to remind them. >>> in our corporate headlines on this wednesday -- i said on this wednesday -- ftx is in exclusive talk toes buy rival ga ardner. bids range from the low to mid 70s. the spx offer is assumed likely to be made of
CNBC
Dec 17, 2012 6:00am EST
, guys, on, of course, the dollar/yen. japan did have when aer being called transformative actions weekend. it still remains toes be seen whether shinzo abe is going to be the next prime minister. can it help spur the company back towards growth? remember, with currencies, it's all relative and there are a lot of other players around the world who are trying to weaken theirs, as well. so it could be an uphill climb or maybe i should say a downhill one. >> kelly, thanks. coming up, we're going to debate where the economy is headed in 2013 and how much the fiscal cliff matters to growth. we have a special edition of squawk at 8:00 a.m. eastern time. remember that first interview we had with tepper a few years ago that made so much news. we'll have another rare interview with david tepper. it was 2010 and he sparked what became known as the tepper rally. it was really the squawk rally, but he tried to hijack that. what does he expect from the markets now? "squawk box" will return in just a moment. rivalry. rivalry. 'cause all our states are great. and now is when the gulf gets even be
CNBC
Dec 6, 2012 4:00pm EST
away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345-2550 best part... no jet lag. tdd#: 1-800-345-2550 call 1-877-561-5445 tdd#: 1-800-345-2550 and a global specialist tdd#: 1-800-345-2550 will help you get st
CNBC
Dec 7, 2012 3:00pm EST
economy. certainly europe's not any help. what's happening in china and japan is not any help. then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would ar
CNBC
Dec 13, 2012 2:00pm EST
, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345-2550 best part... no jet lag. tdd#: 1-800-345-2550 call 1-800-790-3801 tdd#: 1-8
Search Results 0 to 49 of about 108 (some duplicates have been removed)